Bite-sized Insights about
 
Providing you with data-based insights about things happening around you.
Popular Insights

  • MTN Nigeria has dominated the country's telecommunications market over the years, accounting for the largest market share. All four operators, apart from 9mobile, recorded a significant increase in their subscriber base between May 2014 and March 2024.

    See more

    The 2024 Global Peace Index reveals a decline in peacefulness in 97 countries, the highest since the index began.

    Nigeria is among the nations affected by regional conflicts and rising violence. With a peace index score of 2.91, Nigeria is facing increasing challenges.

    A deteriorating peace score impacts foreign investment and economic stability. Global economic losses due to violence reached $19.1 trillion in 2023.

    See more
  • Only 10% of Nigerians earn above ₦100,000, according to the Nigerian Financial Services Market Report. This aligns with most reports about Nigeria, and it's in sharp contrast to the narratives online.
    See more

    The FAAC's revenue distribution from 2017 to August 2023 highlights the dominance of Delta, Akwa Ibom, Rivers, and Bayelsa states in allocations. Despite Lagos' economic prominence, it ranked fifth. Here is the distribution of revenue among states between 2017 and August 2023.

    See more
  • A Trend of Adult literacy rates of African countries

    Between 2018 and 2021, adult literacy rates across African nations exhibited significant disparities. Seychelles and South Africa led with literacy rates of 96% and 95%, respectively, indicating a high proportion of literate adults. Conversely, Chad had the lowest literacy rate during this period.

    These statistics underscore the uneven progress in educational attainment across Africa, highlighting the need for targeted interventions to improve literacy in lower-performing nations.

    See more
    Countries by Global Innovation Index 2024

    The Global Innovation Index 2024 reveals a striking contrast in innovation performance between countries globally and across Africa. Switzerland leads the global rankings with an impressive score of 67.5, followed by Sweden (64.5) and the USA (62.4), highlighting their sustained investments in research, development, and technological advancement.

    In Africa, Mauritius takes the top spot with a score of 30.5, followed closely by Morocco (28.8) and South Africa (28.3). However, even Africa's most innovative nations achieve less than half the score of global leaders, indicating a significant innovation gap.

    Nigeria ranks 15th in the African ranking and 113th globally, out of 133 countries, with a score of 17.1.

    See more

  • MTN Nigeria has dominated the country's telecommunications market over the years, accounting for the largest market share. All four operators, apart from 9mobile, recorded a significant increase in their subscriber base between May 2014 and March 2024.

    See more

  • The 2024 Global Peace Index reveals a decline in peacefulness in 97 countries, the highest since the index began.

    Nigeria is among the nations affected by regional conflicts and rising violence. With a peace index score of 2.91, Nigeria is facing increasing challenges.

    A deteriorating peace score impacts foreign investment and economic stability. Global economic losses due to violence reached $19.1 trillion in 2023.

    See more
  • Only 10% of Nigerians earn above ₦100,000, according to the Nigerian Financial Services Market Report. This aligns with most reports about Nigeria, and it's in sharp contrast to the narratives online.
    See more
Other Insights
 
  • Lagos dominates Nigeria’s subnational debt profile, accounting for 26.1% of domestic debt and 21.8% of external debt.
  • Six states account for 52% of domestic debt.
  • The same group contributes 40% of the external debt
  • Rivers ranks second in domestic debt (9.5%) but has a significantly lower external debt (3.8%).
  • Kaduna emerges as a major external borrower (13.7%) despite not appearing among the top domestic debt states.
See more
 
  • Africa accounts for 3% of Nobel laureates despite being home to 18% of the world's population.
  • South Africa leads with 11 of the continent's 30 wins.
  • Peace accounts for 13 wins, with Africa recognised most for its resilience and moral courage.
  • Science remains the next frontier, with just eight wins across medicine, physics, and chemistry.
See more
     
  • Sudan leads globally with 10.1 million IDPs.
  • 6 out of 14 countries with over 1 million IDPs are in Africa.
  • Syria has the highest displacement intensity (26.2% of its population).
  • Nigeria’s 3.6 million IDPs are large in absolute terms but represent only 1.5% of its population.
  • DR Congo (5.2mn) and Somalia (3.5mn) continue to face chronic, multi-year displacement crises.
  • Non-African countries like Colombia (7.1 million) and Ukraine (3.8 million) show that displacement is a global issue.
See more
 
  • Company income tax collections rose from ₦1.7tn in 2022 to ₦5.0tn in 2025.
  • Finance & Insurance more than doubled its share, from 12.4% to 30.0%.
  • Finance became the largest single sector in the tax mix by 2025.
  • Manufacturing remained important, but its share fell from 27.9% to 17.7%.
  • ICT saw one of the sharpest declines, from 21.6% to 6.5%.
  • Mining & quarrying gained weight, rising from 8.4% to 14.5%.
  • Wholesale & retail also increased, from 3.6% to 7.0%.
  • The tax base became less evenly distributed across sectors.
See more
 
  • Illegal lab-made drugs are Nigeria’s highest-scoring crime market at 8.5.
  • Six other markets score 8.0, showing broad criminal-market severity.
  • Human trafficking remains one of Nigeria’s most entrenched illicit markets.
  • Financial crimes also remain a top-tier threat with a score of 8.0.
  • Resource-related criminality is also severe, with non-renewable resource crimes at 8.0. Wildlife crime is not marginal; it scores 7.5.
  • Cyber-dependent crimes are lower than the top criminal markets, but still elevated at 6.5.
See more
 
  • Nigeria’s total VAT rose from ₦2.5tn in 2022 to ₦8.6tn in 2025.
  • VAT collections more than tripled in four years.
  • Local VAT remained the largest source of VAT throughout the period.
  • Local VAT increased from ₦1.5tn to ₦4.5tn.
  • Local VAT averaged 54.4% of total VAT between 2022 and 2025.
  • Import VAT also grew strongly, from ₦521.5bn to ₦2.0tn.
  • Other payment channels rose from ₦510.8bn to ₦2.1tn.
  • VAT growth is increasingly being driven by non-import activity.
See more
     
  • In 2025, non-oil export growth (36%) was 6x higher than oil (6%).
  • In 2024, non-oil exports grew by 189% vs oil’s 108%.
  • Total exports still heavily depend on oil.
  • Export value rose from ₦36 trillion in 2023 to ₦85.1 trillion in 2025.
See more
 
  • Global terrorism deaths declined significantly by about 27.6%, from 7,714 in 2024 to 5,582 in 2025.
  • Nigeria recorded a sharp 46.2% increase in terrorism-related deaths, rising from 513 to 750.
  • Burkina Faso saw a major decline of 44.8%, dropping from 1,532 to 846 deaths.
  • Niger also improved, with deaths falling by 25.5% to 703.
  • Democratic Republic of the Congo recorded an increase of 27.9%, showing mixed trends within Africa.
  • Pakistan saw a slight increase of 5.7%, indicating relatively stable but still elevated risk.
See more
 
  • Sudan has the highest displacement burden in Africa, with 10.1 million IDPs and 20% of its population affected.
  • Somalia follows with 18.4% of its population displaced.
  • High-intensity displacement is concentrated in conflict-prone regions like the Sahel and the Horn of Africa.
  • Burkina Faso (8.8%) and the Central African Republic (8.4%) show how smaller countries can face severe proportional impact.
  • Nigeria’s 3.6 million IDPs are one of the largest in absolute terms, but at 1.5%, the relative impact is lower than many peers.
See more
 
  • Agriculture’s share of Nigeria’s capital imports peaked at 5.46% in 2021
  • After 2025, agriculture's share started falling sharply, reaching 0.72% in 2025.
  • Between 2017 and 2021, the sector experienced consistent growth in both value and share.
  • Capital import value peaked at at $489.9 million in 2019.
See more
 
  • Africa ranks last globally in governance quality with a score of 0.4.
  • Europe and North America (0.668) outperform Africa by a significant margin.
  • Nigeria ranks 116th out of 120 countries.
  • Governance directly affects economic outcomes such as investment, business growth, and living standards.
See more
 
  • Israel Adesanya has not won a bout since regaining middleweight gold at UFC 287 in April 2023, marking a nearly three-year drought from the winner's circle.
  • Adesanya has lost his past four consecutive appearances, a sharp contrast to his earlier career, where his elite striking defence made stoppage losses rare.
  • Adesanya has been tested at the highest level and has come up short each time, with all four defeats arriving between 2023 and 2026.
  • Six of his losses have come in the past five years of his career.
See more
1 2 3 … 125
  • Lagos dominates Nigeria’s subnational debt profile, accounting for 26.1% of domestic debt and 21.8% of external debt.
  • Six states account for 52% of domestic debt.
  • The same group contributes 40% of the external debt
  • Rivers ranks second in domestic debt (9.5%) but has a significantly lower external debt (3.8%).
  • Kaduna emerges as a major external borrower (13.7%) despite not appearing among the top domestic debt states.
Read more
  • Africa accounts for 3% of Nobel laureates despite being home to 18% of the world's population.
  • South Africa leads with 11 of the continent's 30 wins.
  • Peace accounts for 13 wins, with Africa recognised most for its resilience and moral courage.
  • Science remains the next frontier, with just eight wins across medicine, physics, and chemistry.
Read more
 
  • Sudan leads globally with 10.1 million IDPs.
  • 6 out of 14 countries with over 1 million IDPs are in Africa.
  • Syria has the highest displacement intensity (26.2% of its population).
  • Nigeria’s 3.6 million IDPs are large in absolute terms but represent only 1.5% of its population.
  • DR Congo (5.2mn) and Somalia (3.5mn) continue to face chronic, multi-year displacement crises.
  • Non-African countries like Colombia (7.1 million) and Ukraine (3.8 million) show that displacement is a global issue.
Read more
  • Company income tax collections rose from ₦1.7tn in 2022 to ₦5.0tn in 2025.
  • Finance & Insurance more than doubled its share, from 12.4% to 30.0%.
  • Finance became the largest single sector in the tax mix by 2025.
  • Manufacturing remained important, but its share fell from 27.9% to 17.7%.
  • ICT saw one of the sharpest declines, from 21.6% to 6.5%.
  • Mining & quarrying gained weight, rising from 8.4% to 14.5%.
  • Wholesale & retail also increased, from 3.6% to 7.0%.
  • The tax base became less evenly distributed across sectors.
Read more
  • Illegal lab-made drugs are Nigeria’s highest-scoring crime market at 8.5.
  • Six other markets score 8.0, showing broad criminal-market severity.
  • Human trafficking remains one of Nigeria’s most entrenched illicit markets.
  • Financial crimes also remain a top-tier threat with a score of 8.0.
  • Resource-related criminality is also severe, with non-renewable resource crimes at 8.0. Wildlife crime is not marginal; it scores 7.5.
  • Cyber-dependent crimes are lower than the top criminal markets, but still elevated at 6.5.
Read more
  • Nigeria’s total VAT rose from ₦2.5tn in 2022 to ₦8.6tn in 2025.
  • VAT collections more than tripled in four years.
  • Local VAT remained the largest source of VAT throughout the period.
  • Local VAT increased from ₦1.5tn to ₦4.5tn.
  • Local VAT averaged 54.4% of total VAT between 2022 and 2025.
  • Import VAT also grew strongly, from ₦521.5bn to ₦2.0tn.
  • Other payment channels rose from ₦510.8bn to ₦2.1tn.
  • VAT growth is increasingly being driven by non-import activity.
Read more
1 2 3 … 249
Can’t find what you’re looking for? Please fill the form below
Contact Form Demo
SIGN UP TO OUR NEWSLETTER
Get periodic updates about the African startup space, access to our reports, among others.
Subscribe Here
Subscription Form
A product of Techpoint Africa. All rights reserved